Project Accountant
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Key skills for this role
About the Role
Parker Connect is looking for a Project Accountant to manage corporate banking coordination, contract payment terms tracking, and project financial reporting. The role requires 3-5 years of experience in corporate finance, banking coordination, and project accounting, with strong knowledge of contract terms and Excel.
Key Skills for This Role
Responsibilities
- Manage day to day corporate banking and finance coordination
- Coordinate with banks for company accounts, bank facilities, guarantees, cheque related matters, and other banking requirements
- Prepare cheques accurately and on time according to approved payment schedules
- Maintain a cheque register and track all cheque related activities
- Monitor bank balances, upcoming payments, collections, cash flow requirements, and bank transfer requirements
- Prepare cash flow forecasts, payment forecasts, collection forecasts, and bank position reports for management
- Review contracts, purchase orders, and project agreements to identify financial and payment related obligations
- Track and monitor contract payment terms including advances, guarantees, retention, milestones, and variations
- Prepare and maintain a contract financial summary for each project
- Ensure invoices are prepared according to contract terms and required supporting documents
- Track project receivables, outstanding balances, overdue payments, and collection status
- Follow up with developers, contractors, consultants, and project clients for payment certificates and approvals
Requirements
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field
- Minimum 3 5 years of experience in corporate finance, banking coordination, project accounting, or related fields
- Strong experience dealing with banks, corporate banking documents, facilities, guarantees, and cheque management
- Experience understanding and tracking project contract payment terms
- Good knowledge of Microsoft Excel and accounting software
Full Job Posting
Key Responsibilities
- Manage day to day corporate banking and finance coordination.
- Coordinate with banks for company accounts, bank facilities, guarantees, cheque related matters, and other banking requirements.
- Prepare cheques accurately and on time according to approved payment schedules.
- Maintain a cheque register and track security cheques, post dated cheques, cheque maturity dates, issued cheques, cleared cheques, pending cheques, and cancelled cheques.
- Monitor bank balances, upcoming payments, collections, cash flow requirements, and bank transfer requirements.
- Prepare cash flow forecasts, payment forecasts, collection forecasts, and bank position reports for management.
- Review contracts, purchase orders, letters of award, letters of intent, supply agreements, and project agreements to identify all financial and payment related obligations.
- Track and monitor contract payment terms including advance payment, mobilization advance, guarantees, retention, milestones, progress payments, variations, and penalties.
- Prepare and maintain a contract financial summary for each project.
- Ensure invoices are prepared according to contract terms, approved payment milestones, delivery stages, consultant approvals, and required supporting documents.
- Track project receivables, outstanding balances, overdue payments, retention amounts, certified payments, approved variations, and collection status.
- Follow up with developers, contractors, consultants, and project clients for payment certificates, invoice approvals, payment releases, and overdue balances.
Required Experience
- Experience in corporate finance, banking coordination, cheque management, accounts payable, accounts receivable, and project based accounting.
- Strong experience dealing with banks, corporate banking documents, facilities, guarantees, cheque management, and post dated cheques.
- Experience understanding and tracking project contract payment terms.
- Experience working with developers, contractors, consultants, or project clients is preferred.
- Experience in kitchen supply, fit out, interiors, joinery, building materials, appliances, or project supply business is an advantage.
- Good understanding of contract terms and conditions related to payments, collections, guarantees, retention, variations, penalties, and final settlements.
Required Skills
- Strong corporate finance and accounting knowledge.
- Excellent understanding of banking processes, bank facilities, guarantees, and cheque management.
- Ability to prepare cheques, payment schedules, and bank documentation accurately and on time.
- Strong cash flow tracking, collection planning, and payment planning skills.
- Ability to read and understand contractual payment terms and project related financial clauses.
- Strong follow up and coordination skills with banks, clients, developers, contractors, consultants, suppliers, and internal departments.
- Excellent attention to detail and documentation control.
- Good knowledge of Microsoft Excel and accounting software.
- Ability to manage multiple projects, banking requirements, payment deadlines, and collection follow ups at the same time.
Qualifications
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- CMA qualification is preferred.
- Candidates with ACCA, CPA, CA, or equivalent professional finance/accounting qualifications will also be considered.
- Minimum 3–5 years of experience in corporate finance, banking coordination, project accounting, accounts payable, accounts receivable, contract finance coordination, or project based commercial finance.
- Experience in a project supply business, kitchen supply, fit out, interiors, joinery, building materials, appliances, or similar industry is preferred.
Preferred Candidate Profile
- The ideal candidate is a finance professional who understands corporate banking and project contract payment terms.
- The person should be able to deal confidently with banks, manage cheques and payment schedules, track contract financial obligations, follow up on collections, and ensure that all project related finance activities are completed accurately and within deadlines.
- The candidate should understand how developers, contractors, consultants, and project clients handle payments, approvals, certificates, retention, variations, guarantees, and final settlements.
- The person must be organized, detail oriented, and capable of protecting the company’s financial interests by carefully tracking all contractual payment terms and banking requirements.
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